THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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higher consumer costs
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decreased profits for investors
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less consumer choice
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more efficient production of goods
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Detailed explanation-1: -Industrialization in the 19th century is most associated with urbanization. Factories tended to be built in urban areas where there was already a labor source. These factories became a reason for people to move to the cities in search of work.
Detailed explanation-2: -With the invention of the cotton gin, cotton became the cash crop of the Deep South, stimulating increased demand for enslaved people from the Upper South to toil the land.
Detailed explanation-3: -The factory system of the Industrial Revolution introduced new ways of making products. Products could be made cheaper, faster, and in larger volume.
Detailed explanation-4: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.